Home / MCQ Bank / Commerce
Commerce Accounting Difficulty: Medium

A club received Rs. 1,00,000 as a donation for the year 1998. The amount of donation received was Rs. 15,000 on 31 st December 1998 and Rs. 20,000 on 31 st December 1997. The amount of income as donation for year 1998 is-

Select the correct option to test your answer:

More Commerce Questions

What will be the amount of statutory deduction on income from salary of a person whose salary income exceeds Rs. 3,00,000 for the assessment year 2006-07? The money received by owner in business is known as- Which two of the following are correct about TDS Certificates? 1. TDS on non-salary payment - Form 16 2. TDS on salary payment - Form 16 A 3. TDS on sale of property - Form 16 B 4. TDS on rent - Form 16 C Choose the correct option from those given below: Which of the following correctly depicts the difference between a merger and an acquisition of srock? "The real price of everything, what every thing really costs to the man who wants to require it, is the toil and trouble of acquiring it. Who made this statement?